To begin, I would simply like to say, as Mrs. DeBellefeuille said, that it would have been very useful for committee members if the Canadian Bankers Association had produced its brief in both official languages.
Mr. Elcock, I had the benefit of meeting you before the meeting, so I already had some material. One of your recommendations is as follows: “Add a regulation making power to establish and provide certainty on the criteria…”
In your presentation, you seem to refer a lot to FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada. Tell me why FINTRAC can't determine those criteria. I would have thought it could already adopt those kinds of regulations to meet the conditions you talked about.